Holiday lull continues in Turkish flat steel market

Tuesday, 13 August 2013 16:48:42 (GMT+3)   |   Istanbul
Although the Ramadan holiday has come to an end, the holiday lull continues to be observed in the Turkish flat steel market, where strikes had ended before the holiday. Market insiders, who are slowly returning to the market, indicate that demand has remained on the poor side, though deals continue to be concluded at pre-holiday prices levels. Meanwhile, prices are expected to trend sideways for a while following the end of the strikes, though local flat steel prices may gradually indicate slight increases due to the tighter supply caused by the strikes and the anticipated demand recovery after August.

The domestic sales prices of traders for local and imported hot and cold rolled flat steel products in the Eregli and Gebze regions of Turkey are as follows:

 Product

Price ($/mt)

Eregli

Gebze

2-12 mm HRC

625-630

630-640

1.5 mm HRS

650-665

675-680

3-12 mm HR P&O

675-680

680-690

0.6 mm CRC

775-780

780-785

0.7-2 mm CRC

745-750

750-760

The above prices are ex-warehouse and for advance payments, exclusive of 18 percent VAT.

Weekly price movements of different steel products in major markets can be viewed comparatively in the SteelOrbis Historical Steel Prices section. Market trends can thus be seen more clearly, while desired charts can be created and used in reports or presentations.   

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